• Ventas Posts Healthy Q3 With Robust Acquisition Activity

    Among the earnings results trickling out this month, it will be impossible to overshadow Welltower’s announcement with $14 billion in new investment activity and another great quarter of seniors housing operating portfolio (SHOP) performance improvements. But Ventas reported healthy results, too, and some significant acquisition volume.  Ventas... Read More »
  • Senior Care Campus Components Sell to Separate Buyers

    Senwell Senior Investment Advisors facilitated two separate transactions involving the assisted living and skilled nursing components of a senior care campus in Mansfield, Ohio. The seller, a local not-for-profit, faced significant operational and financial challenges, prompting an urgent need for a transition. Senwell was engaged to identify... Read More »
  • Skilled Nursing Portfolio Secures Funds

    MONTICELLOAM, LLC announced that the firm, along with firm affiliates, funded $48.10 million in combined bridge and working capital funding for a three-facility skilled nursing portfolio in North Carolina. The transaction included a $45.6 million bridge financing and a $2.5 million working capital line of credit. The borrower, a returning client,... Read More »
  • Autumn Lake Healthcare Acquires Maryland SNFs

    First Citizens Bank’s Healthcare Finance business provided $338 million in financing to affiliates of Autumn Lake Healthcare for the acquisition of 12 Maryland skilled nursing facilities with over 1,500 beds. Based in Howell, New Jersey, Autumn Lake Healthcare’s portfolio includes 66 skilled nursing facilities totaling more than 8,200 beds... Read More »
  • Central Florida Portfolio Secures Financing

    Grace Hill Capital, a seniors housing capital advisory firm founded by Adam Shealy, closed a refinance and recapitalization of a four-community independent living, assisted living and memory care portfolio in Central Florida. The portfolio comprises five buildings totaling 257 units, operated by a regional provider with a proven record of... Read More »
Lancaster Pollard Refinances Plum Portfolio

Lancaster Pollard Refinances Plum Portfolio

It’s been quite a lucrative relationship between Lancaster Pollard and California-based skilled nursing operator, Plum Healthcare Group. About 18 months ago, Grant Goodman, Jason Dopoulos, Joe Munhall and Elliot Kaple secured $400 million in bridge financing from Credit Suisse on 27 skilled nursing facilities in California owned by Plum. However, that was short-term, corporate-level recourse-based debt, which did not give Plum much capital flexibility. So, upon closing of that transaction, Lancaster Pollard immediately began work on a HUD refinance, and the time has now come. On behalf of 26 of those facilities, Messrs. Goodman, Dopoulos and Kaple led the way on a $420 million HUD... Read More »

Capital One to acquire GE Capital’s U.S. Healthcare Finance Unit

After hearing of other companies in the hunt to acquire GE Capital’s U.S. Healthcare Finance business (one of the Big Three REITs and a bank among them), Capital One announced that it signed a definitive agreement with GE Capital Corporation to acquire approximately $8.5 billion of healthcare-related loans and its Healthcare Financial Services business for a 6% premium to par value of all receivables as of June 30, 2015. The acquisition is expected to close in the fourth quarter of 2015, and Darren Alcus, President of GE Capital, Healthcare Financial Services, will become the President of Capital One’s healthcare finance business. Credit Suisse and Wells Fargo Securities acted as exclusive... Read More »